A bill to amend the Internal Revenue Code of 1954 to increase the percentage limitation on the amount of the deduction allowable for charitable contributions made by corporations.

referredUnited States· United States Congress· EN

Introduced

16 June 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to increase the percentage limitation to the lesser of ten percent of the taxpayer's taxable income or the sum of five percent of the taxpayer's income plus $100,000 for the amount of the income tax deduction granted to corporations for charitable contributions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Introduced in House
summary · EN · 16 June 1981
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/97th-congress/house-bill/3925
Open data entity: https://api.congress.gov/v3/bill/97/hr/3925